Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

The Employment Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein, provides
as follows:



The effective date of the Employment Agreement is January 14, 2013. The initial term of the Employment Agreement is three years, and the agreement
will automatically renew for additional one-year terms unless either party provides notice of non-renewal to the other party at least six months prior to the commencement of any renewal terms.



The Employment Agreement provides for an annual base salary of $265,000, with eligibility to receive an annual bonus of up to $79,500.



Pursuant to the Employment Agreement, Mr. Garone received a qualified stock option (the Initial Option) to purchase up to 40,000
shares of the Company's common stock (the Common Stock) in accordance with the Company's 2007 Stock Award and Incentive Plan (the 2007 Plan). The Initial Option will fully vest on the grant date of January 14, 2013 (the
Initial Grant Date), and have an exercise price equal to the closing price of a share of the Common Stock on the Initial Grant Date. The form of incentive stock option agreement issued to Mr. Garone in connection with the Initial
Option was previously filed as Exhibit 10.2 to the Companys Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on May 17, 2010, and is incorporated herein by reference.



Pursuant to the Employment Agreement, on each of the first, second, and third anniversary of the Initial Grant Date, the Company agreed to make
additional grants of incentive stock options to purchase 40,000 shares of Common Stock in accordance with the 2007 Plan (each, an Additional Option), at a price equal to the closing price of the Common Stock on the date of said grant,
such options to vest on the one-year anniversary of such grant dates. Each Additional Option is subject to Mr. Garones continued employment as of the applicable grant date.



Additional benefits provided to Mr. Garone pursuant to the Employment Agreement include participation in the Company's other employee benefits
programs made available to similarly situated employees.



Pursuant to the Employment Agreement, upon termination by the Company without Cause, or by Mr. Garone for Good Reason (as such terms are defined
in the Employment Agreement), Mr. Garone is entitled to (in addition to other separation benefits described in the Employment Agreement) severance payments equal to his base salary for 6 months, except in the case of termination by the Company
without Cause or termination by Mr. Garone for Good Reason within 12 months following a Change of Control (as defined in the Employment Agreement), in which case Mr. Garone is entitled to severance payments equal to his base salary for 12
months.

2

The foregoing description of the Employment Agreement does not purport to be complete and is qualified in
its entirety by reference to Exhibit 10.1.

Item 9.01

Financial Statements and Exhibits.

(d)
Exhibits. The following exhibits are filed herewith:

Exhibit No.

Description

10.1

Employment Agreement, dated January 14, 2013, between Michael R. Garone and the Company

10.2

Form of Incentive Stock Option Agreement under the Emisphere Technologies, Inc. 2007 Stock Award and Incentive Plan (incorporated by reference to Exhibit 10.2 of the Companys
Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on May 17, 2010)

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Emisphere Technologies, Inc.

January 17, 2013

By:

/s/ Michael R. Garone

Name:

Michael R. Garone

Title:

Chief Financial Officer

4

Exhibit Index

Exhibit No.

Description

10.1

Employment Agreement, dated January 14, 2013, between Michael R. Garone and the Company

10.2

Form of Incentive Stock Option Agreement under the Emisphere Technologies, Inc. 2007 Stock Award and Incentive Plan (incorporated by reference to Exhibit 10.2 of the Companys
Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on May 17, 2010)

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